Slide 1: Minda Corporation Limited Q3 FY20 Earnings Presentation
Mechatronics Minda Corporation Limited (NSE: MINDACORP; BSE: 538962) Q3 FY20 Earnings Presentation Information & Connected Systems February 2020 Plastics & Interiors Instrument Clusters Sensors Wiring Harness Locks Door Handles Starter Motors Al & Zn Cutting Parts Plastic Component
Slide 2: Table of Contents
Table of Contents 1. Quarterly Updates Company Snapshot Industry at Glance Consolidated Performance Way Forward Awards and CSR 2. Annexure A (Standalone) 3. Annexure B Earnings Presentation Page 2 of 30
Slide 3: Quarterly Updates
Quarterly Updates Earnings Presentation Page 3 of 31
Slide 4: One of India's leading automotive component companies with global footprints
One of India’s leading automotive component Companies with global footprints Diversified product portfolio, global customers, strong Revenue Breakdown 9M FY20 manufacturing and advanced R&D with six decades of automotive experience By Geography By End Market Revenue Rs. 30,920 mn (FY2019) South East
Slide 5: Indian Automotive Industry Performance - 9M & Q3FY20
Indian Automotive Industry Performance - 9M & Q3FY20 Auto Industry 9M FY20 Growth (13.2)% Commentary (12.8)% 24.56 21.32 • The de-growth trend which started in H2FY19 continued 19.09 16.66 its momentum for all the segments in 9MFY20 for Automobile industry (17.3)% (26.8)% (6.0)% (13.5)% • During 9MF
Slide 6: Consolidated Performance – Q3 & 9M FY20
Consolidated Performance – Q3 & 9M FY20 Q3 Q2 Nine Month (Rs. Million) FY20 FY19 FY20 FY20 FY19 Operating Revenue 6,714 7,690 7,355 21,152 23,206 Operating Revenue Growth (12.7)% (8.7)% (8.9)% Other Income 150 127 87 320 287 EBITDA 761 548 684 2,114 2,102 Margin (%) 11.3% 7.1% 9.3% 10.0% 9.1% Profit
Slide 7: Consolidated Performance – Q3 & 9M FY20
Consolidated Performance – Q3 & 9M FY20 Quarterly Commentary – Q3 FY20 vs Q3 FY19 Nine Month (in Rs. mn) (in Rs. mn) • Overall revenue declined by 12.7% y-o-y in Q3 FY20 as 7,690 23,206 6,714 Revenue 21,152 Revenue • Domestic industry sales fell by 13%, with Commercial Vehicles declining by 27% and
Slide 8: Business Verticals Performance (9MFY20 vs 9MFY19)
Business Verticals Performance (9MFY20 vs 9MFY19) (in Rs. Mn) Mechatronics and Aftermarket Information & Connected Systems Plastics & Interiors - 4.7% - 13.1% - 11.3% 10,662 7,710 4,834 10,159 6,703 4,289 9M FY20 9M FY19 9M FY20 9M FY19 9M FY20 9M FY19 Revenue 10,159 10,662 Revenue 6,703 7,710 Reven
Slide 9: Business Performance – Order Book
Business Performance – Order Book Business Updates – Q3 FY20 Mechatronics : (In Q3 Lifetime order worth approx. Rs. 8,700 mn, YTD 19-20 Lifetime order worth approx. Rs. 21,000 mn) • Awarded new business by leading 2W OEMs to supply ‘Lock Kits' (Lifetime business value of approx. Rs. 1,500 mn) • Pr
Slide 10: Way Forward…
Way Forward… Context Response and Outlook India Mechatronics • Grow the Die-Casting Business through Export • Production cut by OEM’s to align with market • Adding new customer to gain Market share and premiumization demand of products to increase content per vehicle • Uncertainly of Pre-Buying in Q
Slide 11: Awards and CSR
Awards and CSR Earnings Presentation Page 11 of 31
Slide 12: Awards/Recognition – Q3 FY20
Awards/Recognition – Q3 FY20 Spark Minda conducted ‘Technology Show’ at Maruti Suzuki India Limited on 15th Nov 2019 enabling their employees to learn and explore wide variety of products and showcase technical expertise to fulfill the budding mobility needs of customers with focus on fields like Ad
Slide 13: Corporate Social Responsibility – Q3 FY20
Corporate Social Responsibility – Q3 FY20 Aakarshan Skill Development Programme at Greater Noida conducted its 13th Aakarshan Skill Development Programme at Gurugram conducted its 1st Convocation providing employment to 107 learners. Since its inception 1,817 Convocation providing employment to 193
Slide 14: Annexure A (Standalone Performance)
Annexure A (Standalone Performance) Earnings Presentation Page 14 of 31
Slide 15: Standalone Performance – Q3 & 9M FY20
Standalone Performance – Q3 & 9M FY20 Q3 Q2 Nine Month (Rs. Million) FY20 FY19 FY20 FY20 FY19 Operating Revenue 5,264 5,866 5,289 16,182 17,652 Operating Revenue Growth (10.3)% (0.5)% (8.3)% Other Income 152 110 105 337 361 EBITDA 689 609 633 1,963 2,005 Margin (%) 13.1% 10.4% 12.0% 12.1% 11.4% Prof
Slide 16: Standalone Performance – Q3 & 9M FY20
Standalone Performance – Q3 & 9M FY20 Quarterly Commentary – Q3 FY20 vs Q3 FY19 Nine Month (in Rs. mn) 5,866 17,652 5,264 • Overall revenue declined by 10.3% y-o-y in Q3 FY20 due to 16,182 Revenue Revenue decline in CV by (-27%) and 2W by (-13%) • EBITDA margin increased by 270 bps and to 13.1% due
Slide 17: Annexure B
Annexure B Earnings Presentation Page 17 of 31
Slide 18: Competitive Strengths
Competitive Strengths WELL DIVERSIFIED customer STRONG RELATIONSHIPS with base and product portfolio major Indian and Global OEMs TECHNOLOGICAL A LEADING PLAYER in several COLLABORATION with global of its product segments in India automotive component manufacturers PROFESSIONALLY MANAGED STRONG IN-H
Slide 19: Strategic Focus – Growth Drivers
Strategic Focus – Growth Drivers Growth Drivers #1 #2 #3 #4 Technology Organic Operational Excellence • Upgradation of • Increased content per Inorganic growth in legacy products Vehicle through higher adjacent areas • New advanced customer engagement Quality Leadership offerings in non • Exports le
Slide 20: Group Target
Roadmap To Enhance Shareholders Wealth Group Target - By having a profitable growth better than Industry Focus Organic growth enhanced by: Inorganic growth: Revenue > Market - Premiumization & Regulation - Adjacent Segment Growth - Increasing content per vehicle - Focus on Technology and/or - Expo
Slide 21: Schematic Representation of Minda Corporation
Schematic Representation of Minda Corporation Promoter Share Holding Public & Other Share Holding 68.1% 31.9% Minda Corporation Limited Overseas Domestic Operations India JV’s (100% owned) KTSN Group Safety Security Division Minda Stoneridge (51%) ASEAN Group Die Casting Division Minda V
Slide 22: Diversified Product Portfolio
Diversified Product Portfolio Mechatronics Ignition Switch Cum Smart Key Mechatronics Immobilizers Compressor Braking System Steering System Handles System Housing Alternator Starter Motor Parts Lock Electronic and mechanical security systems Die casting components Starter motors and alternators Inf
Slide 23: Key Customers
Key Customers 2-3 Wheelers Commercial & Off Passenger Vehicles Other Market Highway Vehicles Earnings Presentation Page 23 of 30
Slide 24: Product Portfolio – 2 Wheelers
Product Portfolio – 2 Wheelers SENSOR - FLS HANDLE MOUNTING IGN LOCK SPEEDOMETE WIRING ASSY & R HARNESS FT CAP CYLINDER HEAD CONTROL CABLES BRAKIN SENSOR G SSPS SYSTEM PARTS STEP HOLDER PARTS SENSO SENSOR R OPS & SENSOR SPEED TEMP TPS Information & Connected Note: Representative Mechatronics Systems
Slide 25: Product Portfolio – Passenger Vehicles
Product Portfolio – Passenger Vehicles WIRING NOZZEL SRC BATTERY HARNESS DEFROSTE LOUVERS SPEEDOMETER TRAY R GLOVE BOX CUP HOLDER STRG COLUMN SHROUD ENGINE SYSTEM DOOR (TURBOCHARGER SASH PARTS) TAIL GATE ENGINE SYSTEM LATCH (ENGINE MOUNTING PARTS) EGT AC SENSOR COMPRESSOR PARTS TEMP SENSOR FUEL LEVE
Slide 26: Product Portfolio – Commercial Vehicles
Product Portfolio – Commercial Vehicles WIRING HARNESS SPEEDOMETER PM / SOOT SENSOR TEMP SENSOR EGT & EGRT SENSOR PRESSURE SENSOR LOCKSET & DOOR HANDLES FUEL LEVEL SPEED OIL SUMP SENSOR SENSOR Information & Connected Plastics & Mechatronics Note: Representative Systems Interiors products Earnings Pr
Slide 27: Product Portfolio – Tractors
Product Portfolio – Tractors EGRT SPEEDOMETER SENSOR STARTER MOTORS WIRING HARNESS ALTERNATORS PRESSURE SENSOR SPEED SENSOR FUEL LEVEL SENSOR OIL TEMP SENSOR SUMP Information & Connected Plastics & Note: Representative Systems Mechatronics Interiors products Earnings Presentation Page 27 of 31
Slide 28: Manufacturing facilities strategically located globally providing support to OEMs
Manufacturing facilities strategically located globally providing support to OEMs North (12 Plants) Poland Madhya Germany Gujarat Pradesh (1 Plant) Czech Republic West Japan (11 Plants) Mexico Vietnam South (4 Plants) Indonesia Manufacturing Facilities Proposed Facility Information & Offices Manufac
Slide 29: Board of Directors
Board of Directors Eminent and Experienced Board of Directors Mr. Ashok Minda Chairman and Group CEO Mr. R. Laxman Executive Director & Group CFO, Finance Mr. Avinash P. Mr. Rakesh Chopra Mr. Ashok Kumar Jha Ms. Pratima Ram Gandhi On the Board of GPR On the Board of Setco On the Board of On the Boar
Slide 30: Thank You
Thank You This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business de